The Universalist. [volume] (Chicago [Ill.]) 1884-1897, 1887-07-02

President Gone said in response: "Mr,
Buchtel stands forth among the benefac-
tors OF education foremost. Others have
given more, but it was because they had
more to give. Mr.. Buchtel has given all.
May not say that he has given himself
The cares and anxieties which he has
endured for this college have done
much to break him down. [ have not
words to-day with which to express my
gratitude and appreciation, and 1 can
only say that all the resources of care
and fidelity to the upbuilding of this col
lege shall be applied"
A few minutes later Mr.. Buchtels
chair was wheeled out in front, and he
made one of his inimitable talks =
quainter and more original, If possible,
than of yore, convulsing the audience
and then melting them to tears. He said
he graduated sixty-three years ago. He
had complied with his teachers request,
and taken whip to school. "Foolish
boy" said Mr.. Buchtel. II took hick-
DRY. She hadn't made the second stroke
before I took the whip away from her.
My brother went home and told mother.
1 haven't forgiven him yet. 1t was then
that l graduated. 1 always believed that
every person should do something. This
college is now yours, and want you to
keep up its reputation and dignity. 1
only wish could give it $1,OO0,O0O in
stead Of what have been able to-" Mr..
Buchtel was deeply affected during his
remarks. Many in the audience were in
tears. 1t was very affecting scene.
Shortly after, during pause in the
proceedings Rev. @. E. Nash sprang upon
the platform and proposed three cheers
for Mr.. Buchtel. They were given with
a will, Mr.. Nash leading in the regula-
ton chip, hip, hurrah and a tiger STYLE
When the cheers subsidized, Mr.. Buchtel
exclaimed, IT always supposed Br. Nash
was preacher and not Politician
This brought down the house.
Degrees Conferred.
The exercises OF the graduating class
closed, Rev. DR.. Gone made parting ad-
dress to the GLASS; and the diplomas were
duly presented. President Gone also an
nounced that the Board Of Trustees had
voted to confer the following honorary
degrees: LID, Hon. s. N. OWEN, Co.
lumbus, O., Judge of the Supreme Court;
ID. d., REV. FRANCIS T.. HosMER, Cleve-
land, O., and Master OF Science on PROF.
JAMES, Of Miami University. This closed
the exercises in the chapel.
The Legal Document.
Know all men by these presents:
That, whereas BUoHTEL COLLEGE, an insti-
tuition of learning located in Akron, O., has
been founded in my name, and
WHEREAS, desire to honor the institution
that thus honors me, and to aid in placing it
on financial basis so permanent and solid
that it shall stand through the ages, giving
light to the world;
Therefore I, JOHN R. BUcHrEL, of Akron,
o., in consideration of the conditions here
matter set forth and the agreement of the
trustees of said college to comply with said
conditions, do hereby give, grant, bargain,
sell and transfer to said Buchtel College for
ever, subject to the reservations and condi-
tions hereinafter set forth, the following de-
scribed one hundred bonds, issued January
l, 1887, by the Columbus Hooking Coal &
Iron Co., corporation organized under the
laws of Ohio, each in the sum of $1,000 due
and payable thirty years from their date, with
interest at six per cent per annum, payable
semi annually on the first days of July and
January of each year, commencing on the
first of January next. Said bonds are of the
value of one hundred thousand dollars ($100,-
00O), and are numbered as follows: (Here
follow the numbers of the bonds). Said
bonds are now in the keeping of the Second
National Bank of Akron, and hereby direct
said bank to deliver over said bonds into the
hands of the Treasurer of Buchtel College.
This transfer is made subject to the follow
ing condition and reservations:
l. hereby reserve to myself the interest
coupons on said bonds to be used by me to
the full extent that may desire to use them
for and during my natural life, any coupons
not used by me to become at my decease the
absolute property of said Buchtel College.
In case it should become expedient or neces-
sary to collect said bonds, or convert them
into money or other property, this reserva-
ton shall extend to said money or property,
and am to have the income thereof for and
during my natural life.
2. Said college shall forever preserve entire
and undiminished at least eighty per cent of
said bonds, or, in case of the sale or collec-
ton of said bonds, eighty per cent of the pro-
ceeds thereof, as a Permanent Endowment
Fund, no part of which shall ever be exhaust
ed by said college, and only the annual in
come, interest, rents or profits thereof to be
used by said college.
8. By the acceptance of this gift said Col
lege shall stand charged with the payment to
my wife ELIZABETH BUoHTEL of such part of
the annual income of the sum of 1900, as
my said wife may call for after my decease,
for and during her natural life as provided in
my last will and testament, and reference is
hereby made to said will for the manner in
which said income is to be paid to my said
wife.
The books and records of said college shall
show that my wife, ELIZABETH BUoHTEL, is
entitled to credit as donor and benefac-
tor of Buchtel College to the extent of one
half of said bonds, it being intended hereby
that her name shall be associated with mine
in this gift.
1 also give and transfer to said Buchtel
College in consideration of its agreeing to
carry out the conditions hereinafter men